HelpSystems sets Thursday lender call for $346 million first-lien loan

By Paul A. Harris

Portland, Ore., May 31 – HelpSystems will take part in a conference call with lenders on Thursday, according to a market source.

The network technology and services company is in the market with a $346 million repricing of its first-lien term loan due October 2021 (B2/B+).

The spread and price remain to be determined.

The spread will float atop a 1% Libor floor.

The deal, being led by Credit Suisse, comes with 101 soft call protection for six months.

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